The Philippines' debt-to-GDP ratio goes down to 60.9%, as the country posts faster-than-expected growth in 2022.
MANILA, Philippines – The Philippines’ stronger-than-expected growth in 2022 lowered the ratio of debt relative to the size of the economy, the latest figures of the Bureau of the Treasury showed.
BTr said that the decline from November to December was due to the peso’s appreciation, when the local currency traded at the P55-level against the US dollar. The redemption of domestic government securities also helped lower debt levels., domestic debt accounted for 68.6%, while external borrowings made up the remaining 31.4%.
The debt-to-GDP ratio represents the amount of debt relative to the size of the economy. Analysts use this figure to check if a country’s borrowing can be sustained. Multilateral lenders also consider this figure in lending decisions. The unofficial threshold is at around 60%.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Philippines’ debt-to-GDP ratio subsides to 60.9% as of end-2022For end-2022, the Philippines’ debt-to-GDP ratio stood at 60.9%, down from the 63.7% level as of the third quarter of last year —a 17-year high or the highest since 2005.
Read more »
Spotify passes 200 mn paying users, posts 2022 lossMusic streaming giant Spotify on Tuesday reported a total of 205 million paying subscribers at the end of 2022, beating expectations, but its losses deepened.
Read more »
DA: 100,000 MT onions lost in 2022 due to lack of cold storage, improper handlingThe Department of Agriculture has recorded the loss of some 100,000 metric tons of onions in 2022, a news release on the department&39;s website indicated. According to the DA, the thirty-five percent loss was "noted after harvest due to lack of facilities such as cold storages and improper handling."
Read more »
Acer Predator tops market share for Gaming Notebook category for 2022!
Read more »
Hungary most corrupt EU member in 2022 — watchdogHungary slid to bottom place among EU nations in a corruption index, with graft watchdog Transparency International on Tuesday alleging misuse by "political elites" of state and bloc funds.
Read more »